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Customers may get lower electricity bills as the Bermuda Government warned Belco it could face healthy competition from alternative power suppliers. Under a draft Electricity Bill tabled in Parliament, Belco will retain control of the grid — but Gran...

Two sister firms have donated $2,000 to a charity dedicated to helping adults who suffer from addiction. Insurance brokers and risk managers Marsh and risk and reinsurance specialist Guy Carpenter last week presented the donation to Focus Counsellin...

Digicel Bermuda’s new flagship store in Hamilton will open its doors on Monday. The outside of the Boyle Building on the corner of Queen Street and Church Street has been painted in Digicel’s corporate red in preparation for the arrival of the compan...

Axis and PartnerRe have boosted the special dividend for PartnerRe’s common shareholders to $17.50 if they back a merger deal. And the two firms also pledged to match an offer to preferred shareholders by Italian investment firm Exor, who have launch...

Today’s British Airways flights between Bermuda and London Gatwick have been cancelled. Flight BA2233 had been scheduled to arrive on the Island at 6.30pm today, but the LF Wade International Airport website has listed the flight, as well as the ret...

Would-be merger partners Axis and PartnerRe yesterday both unveiled predicted financial results for the second quarter of the year. Axis said it expected to announce operating income of between $91 million and $97 million for the three-month period, ...

The dark ‘n’ stormy is to become the official drink of the worldwide America’s Cup series of races — and maker Gosling’s hopes to boost sales by up to 20 per cent a year in the lead-up to the 2017 finals. The Island’s iconic Gosling’s rum and the fir...

Yesterday’s British Airways flights to and from Gatwick Airport were cancelled owing to a technical problem. A BA spokeswoman apologised for the cancellation. “We are doing everything we can to make sure our customers fly as soon as possible. Many of...

A US-based asset management firm yesterday slammed the board of takeover target PartnerRe for their handling of a bid by Italian investment giants Exor. And Tom Sandell, the CEO of Sandell Asset Management, has written to PartnerRe chairman Jean-Paul...

Anyone who says it’s not possible to build a global business empire after starting out in tiny Bermuda should take a look at Ace Ltd. Last week’s announcement that the company had agreed to buy the American insurance powerhouse Chubb in a mind-boggli...

Italian investment group Exor yesterday pledged to make reinsurance firm PartnerRe bigger if it successful in its $6.8 billion takeover bid. The firm’s chairman and CEO John Elkann said: “We are business builders. If you look at our history, we have ...